MD&A Notes & ProblemsNo wonder the stock price dropped. The heading of $1.1 mil EBITDA looks good, however if you look into the figures even a bit you will see that revenue was down over a million dollars at Pasq. mine, and the only reason they had the $1.1 mil figure was that they realized a gain on $1,086,000. in foreign exchange, due to a stronger Canadian dollar. That is not good mine management!
Among many questions is the plan to reopen Los Santos.. On May 15th we had a NR saying the plan was to open Los Santos effective Q3 2023. (That quarter started July 1st 2023 only 6 weeks after the announcement). We have heard nothing since, until yesterday, and amongst the drivel is a note that Los Santos is now scheduled to start,""early in 2024""
What is really going on with our investment?
To me, and it is really painful observation , it appears that they just cant execute on their (many)plans and I wonder if they have the right management people in the right positions?
Black did an amazing job on finance and got 5,000,000. options for his work.
Since then we have not had anything really positive, just delays and information that come out in dribs and drabs, and we sometimes identify. WHAT REALLY IS HAPPENING HERE??